This property looks like a bad Mid-Term investment with a projected -16.44% first-year return on $150k initial cash invested.
-16.44%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,928
Rent
-$2,059
Cashflow
Cash Flow
$2,928 income − $4,987 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$630k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$126k
Closing costs
1%
$6,299
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,928
Total Expenses
$4,987
Mortgage P&I
119%
$3,474
Property Taxes
10%
$298
Home Insurance
8%
$220
HOA
0%
$0
Property Management
12%
$351
CapEx
4%
$117
Vacancy
3%
$88
Maintenance
4%
$117
Other
11%
$322